标的证券

但我无法理解为何我们仍允许交易者在没有标的证券的情况下，从事信贷违约互换（cds）交易。

But I cannot understand why we are still allowing the trade in credit default swaps without ownership of the underlying securities .

他们为打包的标的证券的买家提供保险。

They offer the buyer insurance on a bundle of underlying securities .

中国权证与标的证券的价格协整分析

Co-integration Analysis on Prices of Warrants and Underlying Target Stocks in China

权证是基于标的证券而形成的一种金融衍生产品，其与标的证券之间必然存在某种相关关系。

The warrant is a financial derivative product based on the underlying security .

未经乙方同意前，甲方不得自行领回缴交之标的证券。

Customer may not withdraw the deposited underlying securities without the consent of company .

我国权证及标的证券日内交易模式研究&以五粮液为例

China warrant and target security trading mode research & take Wulian spirits as example

期权的回报图，是以标的证券在到期日的价值为函数的。

A graph of an option 's payoff as a function of underlier value at expiration .

投资者应特别关注标的证券价格波动对权证价格的影响。

The investors shall specially pay attention to the influences of the warrant prices against the prices of the subject-matter securities .

首先，本章分析证券信用交易业务的主要参与主体，一般为投资者、证券公司、证券金融公司，同时还涉及这些主体之间法律关系所指向的标的证券。

Firstly , this chapter analyzes the main participants of margin trading business in general as investors , securities companies , securities financial companies .

经本公司审核同意，权证发行人可将履约担保标的证券或现金委托本公司保管。

Upon the consent of the company , the warrant-issuer may entrust the company to keep the subject-matter securities or cashes which are adopted for guaranteeing the performance .

即使标的证券市场价格维持不变，权证价格仍有可能随着时间的变化而下跌甚至会变得毫无价值。

Even though the marketing prices of the subject-matter securities maintain unchanged , the warrant prices may decline , even may have no value along with the change of the time .

如权证发行人同时委托我公司保管履约担保标的证券的，行权专用证券账户同时用于履约担保标的证券的保管。

In case the warrant-issuer entrusts our company to deposit the subject-matter Securities for performance guarantee , the exclusive exercise securities account shall be appliedy to the depository of subject-matter Securities for the guaranteed performance .

通过具体分析，这个比例能够及时反映市场标的证券价格变动所产生的风险，并有效加以防范，合理的保证金比例对客户以及证券公司都是隔离风险的有效保护措施。

By careful analysis , this percentage can indicate the risk of price changing in the stock market in time and guard against the risk effectively , which is crucial for the risk control to both the investor and and the stockjobber .

权证存续期间，用于履约担保的标的证券或者现金出现权利瑕疵的，乙方应当及时披露，并采取措施使履约担保重新符合规定。

In case the subject-matter securities or cashes adopted for guaranteeing the performance suffer deficient rights in the duration of the warrants , Party B shall make a timely disclosure and take measures so as to make the guaranteed performance meet the regulations once again .

融资融券交易推出将近三年时间，标的证券范围不断扩大，交易量和交易余额稳步增长，投资者交易日益活跃。

The margin trading and short selling mechanism has launched nearly three years , and the scope of the underlying securities has been expanded two times , with the steady growth in trading volume and balances , the trades of investors are more and more actively .

如某标的证券前日融资余额、前日融券余额都为零，且当日无融资融券业务发生，则可不申报该证券的记录。

If the previous balance of the financed funds and bonds of subject-matter security are both zero , and no financed funds and bonds business occurred at the current day , so the records of the securities may not be required to declare the records of the securities .

奥尼尔黯然下台，因为他让美林成为创立债务担保证券的最大参与者，甚至在其标的抵押证券市场逐渐萎缩时，美林还继续创建债务担保证券。

Mr O'Neal suffered because he made Merrill the biggest player in creating collateralised debt obligations and the bank continued to put CDOs together even as the market for their underlying mortgage-backed securities was disappearing .

传统研究资本市场效率的理论和思路，多以资本市场交易标的（如证券）现有市场价格中所含信息的质量和容量，通过实证分析作出是否有效的判断。

Traditional capital market efficiency theory and research thread almost revolves around the quality and capacity of information contained in the market prices of capital market change objection such as securities , and differentiates market efficiency through a lot of positive analyses .

它是指不拥有标的债券或相关证券的银行或对冲基金，对CDS合约进行交易。

This is trading a CDS contract by a bank or hedge fund that does not own the underlying bond or related security .

充分披露有追索权的票据背书、以票据为标的资产的资产证券化安排。

Bill endorsed with recourse and bill underlying asset securitization arrangements shall be fully disclosed .

指数基金的构建有三大要素：标的指数、样本证券、权重分配，其目的是与标的指数之间的跟踪误差尽量小。

The major elements of the indexation fund include the target index , sample securities and weight allocation , aiming to minimize the track error with the target index .